Policy is for the period of 1 year.
Flexibility: Depending on the monthly expenditure there are options with monthly income benefits ranging from 10000 INR to 35000 INR, for a period of 5 years to 20 years.
Guaranteed Monthly Income: The monthly income is not affected due to market risks.
Accidental Death -Covers injury that results in loss of life
Accidental Dismemberment & Paralysis – A percentage of the Principal Sum is paid if the injury results in one of the losses specified. (Loss must occur within 365 days from the date of injury).
Permanent Total Disability – Permanent Total Disability expenses due to injury are borne, provided such condition has continued for a period of 12 consecutive months and are permanent in nature.
Lifelong renewability: No maximum cover ceasing age in this policy
Grace Period of 30 days for renewing the policy, waiting period as mentioned in the policy wording gets reduced by 1 year on every continuous renewal.
Sum Insured Enhancement: Any change in benefits or premium (other than due to change in age) will be done with the approval of the IRDA and will be intimated at least 3 months in advance at the time of renewal.
Free Look Period:
A period of 15 days after date of receipt of policy to review terms and conditions during which insured can cancel it with due refunds.
If the insured wishes to migrate to another Insurer towards renewal, he can draft an application at least 45 days before the date of renewal.
Any pre-existing condition.
Expenses due to suicide/ self-inflicted injury, sexually transmitted diseases, mental/nervous disorder, anxiety or depression, Acquired Immune Deficiency Syndrome (AIDS), Human Immune deficiency Virus (HIV) infection
Injuries due to involvement in war, invasion or terrorist activity involvement.
Participation in winter sports, sky diving, scuba diving or related sport activities.
Accidents due to involvement with related to aircraft, or as a member of the crew.
Being under the influence of drugs or alcohol.
Exposure to radioactive substances or diseases due to intoxication.
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